The Defiance Quantum ETF (NASDAQ:QTUM) Declares Quarterly Dividend of $0.46

The Defiance Quantum ETF (NASDAQ:QTUM) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.4646 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a 72.1% increase from Defiance Quantum ETF’s previous quarterly dividend of $0.27.

Defiance Quantum ETF Stock Performance

Shares of NASDAQ QTUM traded down $1.98 during mid-day trading on Wednesday, hitting $152.45. The stock had a trading volume of 395,159 shares, compared to its average volume of 483,262. The firm has a market cap of $5.68 billion, a PE ratio of 24.34 and a beta of 1.36. The company has a 50 day moving average of $147.44 and a two-hundred day moving average of $141.30. Defiance Quantum ETF has a twelve month low of $98.21 and a twelve month high of $170.00.

Institutional Trading of Defiance Quantum ETF

Several institutional investors and hedge funds have recently bought and sold shares of QTUM. Compass Financial Management LLC purchased a new position in shares of Defiance Quantum ETF during the second quarter worth $3,290,000. Wedbush Securities Inc. acquired a new stake in shares of Defiance Quantum ETF during the second quarter worth about $1,938,000. TOP Private Wealth LLC. acquired a new position in shares of Defiance Quantum ETF in the second quarter worth $2,703,000. Financial Freedom LLC boosted its holdings in Defiance Quantum ETF by 29.8% in the fourth quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock valued at $2,342,000 after purchasing an additional 4,909 shares during the period. Finally, Vision Retirement LLC boosted its stake in shares of Defiance Quantum ETF by 97.7% in the 1st quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock valued at $964,000 after buying an additional 4,440 shares during the period.

Defiance Quantum ETF Company Profile

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.